Compared to March’s fourteen new preferred stock issues, April was a quiet month. Just four new preferred stocks were introduced during April. But even with this small group, there was some diversity – two pay tax-advantaged dividends while one offers an investment grade rating. There is industry diversity to be found here, too – one property REIT, one energy partnership and two regional banks.
As the month came to a close, the average market price for all U.S. traded preferred stocks was $25.13, up $0.20 per share over the last month.
April’s new issues
April’s